TITLE

Louisiana Bond Commission's Agenda Heavy on the Refunding Side

AUTHOR(S)
DeSue, Tedra
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/18/2005, Vol. 351 Issue 32093, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the Louisiana State Bond Commission met to consider a relatively light agenda in terms of new-money requests by local issuers, but there was a larger than usual number of refunding proposals from issuers trying to take advantage of low interest rates. At least $200 million of requests were on the agenda, including more than $130 million of general obligation refunding requests. The Calcasieu Parish School Board will sell about $61 million of refunding bonds in one issue to refinance debt for six of its school districts. All of the bonds to be refunded were sold between 2000 and 2002.
ACCESSION #
16488069

 

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